Month: June 2013

Gold has been hammered to a hair below 1200, with 1150 but a drop in the bucket now for battle tested gold bugs.  More interestingly,

It looks like the opposing action of gold and silver to the stock market will come into play soon.  With the metals free falling (conveniently

Precious Metals – Swoosh This morning’s update was going to be a normal, pre-market notes type of thing.  Then I saw gold and silver down

First the disclaimer:  I have tried my best to keep subscribers abreast of the risks for the last half a year or so.  HUI is

The preferred scenario is for the market to bounce to the equivalent of the 50 day moving averages on the SPX (currently 1614 & 1618),

Bonds T bonds broke down hard as ‘taper’ hysteria hits home.  We might again question whether this is due to the Fed’s supposed decision to

Gold:  -$57 at 1294.  Silver:  -$1.49 at 19.86 Both metals are at or near their next support levels, which are gold 1250 +/- and silver

A subscriber asked about whether I covered my bear positions based on today’s open and the trend line breaks as I noted I would.  The

The recent activity – mind numbing as it seems to be – is actually constructive for the HUI with respect to a potential counter trend

For me a picture is always worth a lot of words and this one of HUI tells the story of a little would-be bottoming pattern

Aside from silver’s loss of support, gold is breaking down from what appears to have been a bear flag pattern defined as the lame rise

In NFTRH 241 we noted that silver was at an important support level.  The equivalent of this support is being broken today on the SLV